How To Create A Digital Wallet in 2023?The global digital payments market is on an upward course, with a projected revenue of $14.79 trillion by 2027. Impressive, right? Also, an impressive two-thirds of adults across the globe are now embracing digital payments, with a striking 89% utilization rate in the United States. As clients and businesses increasingly embrace the convenience, security, and efficiency of digital payments, the …
MVP vs Prototype: When to Choose WhichIt is crucial to understand the Minimum Viable Product (MVP) and Prototype and differentiate between them. These two terms often find their place in the early stages of a project, but they serve distinct purposes and cater to different needs. In this article, I will explore MVPs and Prototypes, explore their types, and discuss what projects benefit from each. What is an MVP? As the name suggests, …
How to Choose Between Native App Development and Cross-Platform App Development?By the start of 2023, mobile devices were responsible for more than 60% of all the people using the internet. This made businesses realize they couldn’t wait anymore. They understand that making their websites work well on phones and tablets or creating a mobile app is vital. Imagine that you’re in the world of mobile app creation, where the aim is to deliver a fantastic user …
The Power of Minimum Viable Products: Steps to SuccessYou have probably heard about the minimum viable product and its benefits to startups. However, some people still claim that not every project needs it. Misconceptions shroud the MVP development process, prohibiting most people from seeing the gist of it; it is most likely that you have subconsciously thought of launching an MVP. Why? Because it’s hard to grasp the vital difference between an MVP, …
The Ultimate Guide to Product Discovery in Software DevelopmentProduct discovery is an initial phase that precedes the project’s development stage. During product discovery, the product team delves into the market, identifies potential problems, and explores their solutions. Failing to undertake thorough discovery puts the team at risk of creating a product that can’t function properly, disappointing clients, wasting time and resources, and …
The Role of Business Analyst in Product LaunchHow can you craft a genuinely successful product in an industry evolving at lightning speed? With fintech on the rise, the financial services landscape has undergone a profound shift. By leveraging technology, fintech breathes new life into traditional financial services, triggering a rapid transformation. In this dynamic era, digital-first companies are boldly challenging the established norms of …
Software Outsource vs Product Development: How to select the right collaboration modelWhen it comes to creating an application, businesses have two main options: software outsourcing and product development. Software outsourcing is a popular choice for companies looking to reduce costs and access specialized expertise without building an in-house team. This option works well when the project has clear specifications and requires temporary resources to handle specific tasks. For …
MESSAGING APP: MUST HAVE CHAT FEATURESThe technological tsunami carries us faster and faster to the “new reality” of best chat app features: AI-powered technologies, machine learning, neural networks, self-driving cars, uncrewed aerial vehicles, blockchain—this list increases at a breathtaking speed. Get ready to build a messaging app because tomorrow is now. Last few years have revolutionized the way people interact, prompting us to …
Empowering the Hospitality Industry: Unveiling iOL Pay, a Game-Changing Payment SolutionWe are thrilled to present the outcomes of our collaboration with the client in creating the iOL Pay platform, an advanced automated payment acceptance solution for the hospitality industry, catering to businesses across multiple countries. This project truly showcases our team’s proficiency in delivering customized and robust payment solutions that perfectly cater to our clients’ …
What is Marqeta? Everything You Wanted to Know About Marqeta Inc.So many talks have been recently heard about Marqeta Inc and what it exactly does, and that’s already happening a decade after its appearance in the finance industry and the market. So, we’ve decided to develop a condensed version of the company’s origin, services, pricing, clients, values, and plans. All of this is gathered below for you to get this topic straight and have no questions anymore. …
The Role of Behavioral Economics in Fintech Product Design: A Comprehensive GuideThe financial industry has changed a lot as a result of the behavioral economics and fintech blend. Thanks to knowledge of how people act and make decisions, businesses now can build solutions of any kind to satisfy the demands and preferences of very different clients. In this in-depth guide, I will cover some of the main points on how fintech businesses may utilize behavioral economics data. By …
FitGrid: Transforming Fitness Experiences with Cutting-Edge TechnologyThere is a tremendous shift in the way people connect and engage with their fitness routine. That’s why DashDevs, a leading fintech software development company, has assisted in developing and realizing the idea of FitGrid, a cutting-edge fitness app that seamlessly connects gym owners, instructors, and clients, revolutionizing the way they interact and achieve their fitness goals. In this …
How to create an effective roadmap for launching your project: your step-by-step guideProject roadmaps play a vital role in strategic planning by enabling project managers to visually communicate the project’s aspirations and major milestones. In this article I’ll explain how to create a project roadmap so they serve as valuable tools for stakeholders to comprehend the project’s objectives, allocated resources, anticipated deliverables, and their respective timelines. …
Simplifying Finance with Unsupervised Machine Learning in Capital MarketsWhen you hear about machine learning, your thoughts may drift to captivating examples such as autonomous vehicles navigating busy streets or virtual assistants responding to our voice commands. However, the reality of machine learning today is far more practical and holds incredible potential to enrich various aspects of our lives, including managing personal finances and optimizing everyday …
Fintech partnerships: strategies for successful collaboration between startups and incumbentsSo, this time I’m talking about fintech partnerships, a topic we know like the back of our hands. After over 500 projects completed and 50+ vendors partnered with other fintech startups, we have a knack for establishing fruitful communication. However, this particular article concerns a more exciting end of this stick. Brace up! I will unveil the personal benefits and opportunities before …
Identify and Solve Pain Points in Fintech through TechnologyThe financial technology industry has revolutionized how we manage our finances, making transactions seamless and investments more convenient than ever. Yet, pain points often emerge amidst this digital transformation, hindering the seamless experience. Identifying and solving these pain points is crucial for businesses to ensure that fintech remains at the forefront of customer satisfaction. My …
The Art of Choosing the Right Outsourcing PartnerOver the past 15+ years as a fintech expert and CEO of DashDevs, I’ve learned a thing or two about outsourcing. Sure, it’s a smart move when you’re looking to bring in some top-notch talent, cut down on costs, or keep your team focused on what they do best. But in my book, outsourcing is more than just a business strategy—it’s an art. And the masterpiece? Finding that …
Customer Onboarding Best Practices in FintechI’ve spent the last six years diving headfirst into various industries, including fintech financial technology, personal finance, healthcare, and retail. I’ve been in the thick of it all — from leading the charge on developing and launching new products to revamping digital processes for existing businesses and plotting growth strategies for established products. And let me tell you, …
How to Create an Effective Go-to-Market Strategy for Your Tech ProductAs a product manager responsible for the launch of a product, service, or business, I recognize the vital role of a well-crafted go to market strategy. A solid plan is essential to avoid the pitfalls of a chaotic journey, akin to driving in the dark without headlights, where challenges and delays abound. Effective planning involves not only the product, story, or team behind it but also the …
Business Ideas Validation: 5 Best Experiments for Hypothesis CheckingWhen we create an idea, it’s similar to falling in love. You see no flaws in your creation; there are no downsides to what you’re passionate about, and this is absolutely normal to feel that way. However, the target audience does not always share the creators’ point of view, causing many startups to fail. Usually, when we create something, our view is biased by our own experiences and …
How to Leverage Natural Language Processing in Fintech: Strategies for Business OwnersIn today’s fast-paced fintech industry, business owners need to constantly innovate and adapt to stay ahead of the competition. One technology that has gained significant traction in recent years is Natural Language Processing (NLP). As a seasoned engineering expert with over a decade of experience in the fintech space, I’ve had the opportunity to work with NLP in various projects, …
Decentralized Finance: The Future of Financial Services?Decentralized finance (DeFi) is an innovative and growing sector within the financial industry. It leverages the power of blockchain technology and smart contracts. This makes financial services decentralized, transparent, and accessible to anyone. Traditional financial systems continue to face challenges, such as lack of access and high fees. DeFi has emerged as a viable alternative. It offers …
Gamification in Financial Apps: Unlocking New Opportunities for Growth and EngagementGamification is a part of ever so many digital growth strategies that now it is seen more like an ultimate way to enhance customer engagement. In this article, I will focus on the benefits gamification brings to financial institutions and other businesses in the niche, especially those that are undergoing the digital transformation. So, let’s find out how to implement entertaining elements into …
The Importance of Inclusive Design in Product Development: Why Designing for Diversity MattersThe aim of UX designers is to simplify the usage of digital products as much as possible. They achieve this by creating personas, testing designs with users, analyzing use cases, and incorporating UX best practices. Yet, designers sometimes overlook the needs of all potential users. As a new decade begins in the design world, there is a growing emphasis on inclusive design. Hence, UX specialists …
The Future of Micro-Investments Platforms: Challenges, Opportunities and Use CasesMicro-investing has been gaining popularity in recent years as a way to invest small amounts of money regularly. These platforms have the potential to revolutionize the investment landscape by providing affordable and accessible investment options to a wider audience. In this article, I will cover the latest trends and developments in the industry. We’ll discuss the importance of user …
5 fintech startups & scale-ups in the UKIn this day and age, information technologies and current financial apps rule our lives as well as our finances. FinTech startups and scaleups are in great demand due to their rich background in investment management and financial advancements. The largest fintech companies and top scale ups focus on providing software services, and many of them are now considered roughly similar to banks, if not …
How to Scale Fintech InternationallyScalability usually becomes an issue for late-seed fintech startups that have achieved success in their homescape and want to conquer new horizons. And, in terms of the current market state, different markets give different opportunities. In some countries, the revenue generation would be higher as for example the Asia Pacific region, which is expected to generate $96 billion in revenue by 2024. …
Dozens: from an Idea to the Digital Financial Institution in 9 MonthsHave you ever thought about launching a successful digital product? Dreaming of a brilliant idea that would change the world, attract followers, and enhance global consciousness. We are constantly reading all those stories of success, newly established unicorns, and “from-zero-to-hero” cases. From the stories mentioned, the process of digital product creation seems to be quite easy for everyone. …
A Discovery Phase: How To Run It Wisely For Your Software Product?Project discovery is crucial in software development since it can help companies prevent losses. According to McKinsey, approximately 45% of all IT projects experience scope creep, leading to scope overrun, and 7% of startups can’t meet defined deadlines. And this most definitely can be avoided with the proper discovery phase during the first stages of development. One of the most important …
What Is a Business Growth Strategy and How to Work It Right?Businesses may need help to recover from the pandemic and adjust to new realities. However, significant growth is possible within the new normal. All you need is an understanding of how to create a business growth strategy and know how to make it work. In 2022, we discovered a bunch of the best business growth strategies for small businesses and how meaningful they are for business capacity …
The CFO's Guide to Technology Roadmapping: 6 Steps for Creating a Technology RoadmapAs a result of ongoing research and development, the scope and utility of existing technologies continue to grow and evolve rapidly. Technology industry leaders need a resource that allows them to gain insight into the advances in their field and consider potential future paths for innovation. And that’s where the technology roadmap comes in. A technology roadmap is a comprehensive plan. It …
5 Tips on How to Speed Up Software DevelopmentSoftware development is a complex business that requires the cooperation of several people, procedures, and resources. When one gear in this complex mechanism fails, the whole machine stops, slowing down the entire development process. We’ll look at the most common problems that slow down product development and give you advice based on what we’ve learned about how to fix them. What …
TOP 7 Fintech Industry Trends in 2023The financial industry has rather responded to the disruptive side effects of COVID-19, but it hasn’t come out of 2021 unharmed. Top fintech industry trends in 2023 are going to challenge it but also will make it stronger. And though at least 50% of traditional banks are not covering their cost of equity, there is some good news, too. Global fintech investments in 2021 recorded 210 billion dollars …
How to Quality Control a Product?Imagine walking into a local shop and seeing every item of clothing in the same color and size. That is practically a characterization of software that was never tested. It either fits your demands (by chance) or it’s absolutely worthless. The goal of creating a software product is to meet a wide variety of demands, and product quality assurance testing is the most effective way to do it. QA …
Top Frontend Technologies for Fintech Development ProjectPeople all around the world rely on the internet from the time they get up until they go to sleep, and these are only a blip on the radar. There is a big innovation surge in the area, and frontend web development technologies are at the leading edge. In 2022, we anticipate an exponential rise in fintech solutions. Given the significance of social distance and growing safety concerns, current and …
Product Development Trends in 2022 | DashdevsThe complete digitization of daily life is altering our vision of the world. People nowadays can’t imagine their lives without cellphones and other electronic devices. They assist us with everything, including shopping, business, sports, communication, navigation, logistics, and entertainment. The growth of technology is changing the process of digital asset development too, so today we are …
Mobile Design Rules: What Designers Need to Know when Creating Mobile AppsWe are all active iPhone and Samsung users, and there are occasionally a lot of tough challenges with app functionality on both sides, Apple and Android. In this post, Dashdevs, a market leader in mobile app development, will discuss product development and design. When our team begins working on a new market or product, we install the apps of the leading market participants. This research assists …
How to Submit an App to App Store for Review and Avoid Apple Store Rejections?The Apple team has a very specific vision for the quality of mobile applications. This is extremely beneficial to customers since the Apple team takes several steps to submit an app to the App Store and works tirelessly to make the App Store a trustworthy ecosystem. It has high standards and stringent criteria, not just for app performance but also for the application of necessary security …
Top 20 Critical Product Development Process Steps Not To MissDesigning, building, and testing the quality of mobile and web apps is just part of the process of creating digital assets. There are a variety of activities that must be done to create useful and high-performance software or digital ecosystems. When it comes to software development outsourcing, however, customers are often eager to save cash and eager to reduce costs wherever they can, …
FLUTTER VS REACT NATIVE DEVELOPMENT COMPARISON AND PERFORMANCE CHECKSFacebook’s React Native is on the left, and Google’s Flutter is on the right. What is at the center of these two well-known frameworks? What makes them so popular? How to compare Flutter and React Native? Which is more efficient? How can Flutter be superior to well-established technologies such as React Native? What is the difference between Flutter and React Native? Everything and …
How To Scale Your Business Solution Using Cloud TechnologiesIn a cloud-based environment, you may scale your data requirements up or down depending on your company’s demands. It is one of the best ways to manage resources in a flexible way and save money. One of the benefits of cloud technology to business is that it allows you to manage massive workloads by simply adding nodes. Your IT infrastructure does not need to be changed to achieve the goal. …
The Difference Between Outsourced Software Development and Outsourced ConsultingWhat is the most effective strategy for running a business? This question is asked by every business owner, and the answer may vary from time to time since business objectives change. When it comes to employing a technical team, we’ve already identified two options: hiring in-house or outstuffing. An IT department may be more cost-effectively run in-house rather than outsourced. Despite …
TOP Wealth Management Platforms 2022: Power Up Your Fintech AppWhat lacks the majority of software product providers is speed. Fintech companies can’t afford to have a lack of operational scalability and consumer reach, and this is a must. Moreover, the ever-rising customers’ expectations bar to the product tools also calls for the reconsideration of the business-human relationships. And that’s easier done if choosing the product lifecycle …
Software Development Life Cycle: Phases, Process, Models and MethodologiesSoftware products make users’ lives more comfortable. They save lots of our resources like time and effort. At the same time, software product development life cycle phases are commonly time-sapping and painstaking. Moreover, software engineers have to make certain the solution they deliver is efficient, user-friendly, and upscale. To accomplish that, accurate and profound planning is …
Software Development Tips: Questions You Should Ask a Client before Developing an AppEven from the first days of our life, we’re curious about the world around us. Within the first couple of years, we begin asking tons of questions like “Why is the grass green?”, “Why does this man have red hair?” or “What makes a car move?”. We have an innate drive to seek out the unknown answers because we need to create an explanation for the world that surrounds us.
Software Development for Fintech: In-house or Outstaff?When you start a fintech company, there are some prevailing ways to run a business, depending on your goals and objectives. A business may be grown by hiring IT experts in-house or by partnering with a company to do all the tech jobs for you. In addition, the consulting model may be able to give your company a wide range of creative abilities in the field of fintech. 4 Prevalent Business …
Why and How to Hire A Dedicated Development Team for Your Business NeedsEach and every business needs qualified specialists to maintain all processes successfully, grow, and satisfy clients’ demands. But not all of them have enough capacity to look for new experts and hire big teams. And this is the reason why outsourcing services have become so popular today. They aim to help you find your best dedicated software development team fast and with minimum resources …
Responsive Web Design: What It Is And Why Your Business Needs ItTo put it simply, responsive web design means a website that can change and adapt to different kinds of devices users have today — phones, laptops, tablets, or whatnot. Why has it become the topic of interest for modern businesses? Because billions of people access the internet every day now. And most of them do that all on their smartphones. Let’s have a look at some statistics to …
Data Extraction Dilemma: API vs. Web-Scraping in BusinessHasn’t big data become a buzzword? Today there’s probably no industry where data harvesting isn’t used to gain a competitive advantage and generate profit. No one would argue that research is more associated with science, yet it’s not always the case with data extraction. Since conducting such research manually within even a small industry would take forever, data scientists usually refer to …
Top Insurtech Providers of 2021: US & UK PerspectiveTo experience fear is just the nature of things, and the entailing striving for safety is #2 in Maslow’s hierarchy of needs for a reason. That’s why the basic mission of the insurance business is to free the person of anxiety, chaos, or specific concern. The scope of insurance help is extremely wide these days, and we’ve prepared the UK and US examples from the different spheres …
UX and UI Tips for More Specific CustomizationUser Interface — sounds clear but what exactly does this concept cover under its umbrella? And why do so many people, even experts, still confuse UI with UX? What’s the borderline between the two? Get it straight right now! As a matter of fact, UX is the broader term that relates to the whole User Experience with the specific website/app. Usually, this experience takes place digitally, but …
Lessons Learned from COVID-Enforced Digital TransformationI recently had a talk with one of our prospects. That person was looking for a foolproof way to digitalize his business, which obviously isn’t big news given at least 70% of companies have a digital transformation strategy. It’s his answer to my question regarding the factors driving the shift that got me thinking. So, as I was going through my usual routine trying to figure out …
Quick and efficient distributed tracing in .NETHow to log the complete call chains and see what your microservices really do? To log, or not to log To log! Nowadays we can’t even imagine a modern software system without logging subsystem implementation, because it’s the very basic tool of debugging and monitoring developers can’t be productive without. Once something gets broken or you just want to know what’s going on in the depths of your …
What Your Digital Payment Strategy Is Recklessly MissingThe digital payment landscape is developing fast. Your customers want to do the shopping where, how, and when they wish. They look to buy from merchants they trust and with a modicum of effort. They expect a seamless and quick checkout experience. In this context, digital wallets answer all the requirements, and their vigorous growth in popularity is yet another proof. Currently, around 2.3 …
Using Code Generation to Maintain the Microservices ArchitectureIn today’s software development world, microservices have become a de-facto industry standard, especially when it comes to the evolution of service-oriented approaches. And while they’re meant to be decoupled by means of architectural solutions, in most cases there still remains a layer of common code, libraries, and configuration shared between services, specific for each solution: …
Microsoft Orleans a Leverage for Financial Software DevelopmentNowadays, market players within even the most regulated industries like banking are becoming more and more interconnected with each other. Card processing, account management, online investment platforms, budgeting apps, “traditional” and challenger banks — all these solutions are often closely tied. Open API initiatives like Open Banking push this process forward, forcing financial …
The Internet of Payments and Benefits of IoT in Financial ServicesFrom smart speakers, wearables, and refrigerators to self-driving cars, connected homes, and smart cities — internet connectivity continually pushes back the limits and wins new markets. It can be reasonably called the next stage of the digital revolution, and it is expected to transform our lives significantly. Gartner foresees that there will be over 25 billion Internet of Things solutions in …
A Perfect Toolset To Boost Your Product Owner’s ProductivityA product owner is one of the essential roles for the product development team, especially when we speak about digital products. The software development process requires us to know the behavioural psychology, human interface guidelines (HIG), basics of user experience (UX) and user interface (UI), technical aspects of implementation, continuous integration (CI), and continuous delivery (CD) …
The Biggest Problems of Loyalty ProgramsThe digital loyalty program has become an essential part of the digital ecosystem of modern brands. A brand’s loyal audience regularly uses its application, interacts with its products, and even considers this brand a very close friend. In other words, they become ambassadors of the product and spread its mission around to others. The value of a brand grows in stride with the number of loyal …
Product owner talks: Defining the Iron Triangle for a ProjectA fortified digital ecosystem is one of the most valuable competitive advantages that a business can have. Information technologies are moving brands to the future with improved solutions, software, or engineering approaches that solve their customer needs in the most effective way. In this armaments drive, the most valuable and sometimes undervalued parameter for a business is time. There is a …
Product Owner Talks: The Introduction to Product Management TeamThe digitalization of businesses is moving fast. Companies are creating more and more applications for their end-users and internal needs. AI-powered chatbots are ready to replace real humans. Gartner states that worldwide IT spending in 2019 will total $3.74 trillion. On top of that, according to the latest trends in product development, companies have started to outsource more than just the …
Dozens App Story: Becoming a Top Fintech App in One YearA year has passed since the release of Dozens app to the stores. Now, this fintech application has over 20k of real registered users who are the owners of beautiful yellow and grey debit cards. Dashdevs, as a technology partner, and I, as a digital product owner, have been working on this application from the very first day. My first task was to conduct marketing research, define competitors, and …
Real Story of Switching Outsourcer for Delivery AppStarting the development of a standard app, you usually do not expect you would face challenges, questions, improvements, updates, or unpredicted issues. If there are hundreds of analogues in the app store, you consider it is not a big deal to build your app. So, you outsource the development with a light heart. However, sometimes it happens that you have to change a development partner because …
FitGrid App — Balanced Fitness Solution for All PartiesIt is no surprise that fitness and sport are so popular. Physical activity is natural for people. People are looking for two things to feed their soul. These things are inspiration and connection. In a technological society, sport meets many personal intentions. For example, to look physically attractive, stay healthy, and fit, establish your mind and body connection. Fitness is not only about …
Logical Design for Effective App DevelopmentIt is not another design article. It is just a confession about my pain. My personal belief is that everything in the design must be logical. No matter if you create the UI for the application or you are designing a chair. Designers need to understand that good design is not the one which hits the eye with colors, textures, or sizes. The best design is one that makes users’ life easier.
What Digital Product Startups Are Recklessly MissingThe moment an idea sneaks in the startuppers’ head, it occupies every free space it can. One doesn’t want to evaluate it. One just wants to deliver it on. The entrepreneurs who are led by such a vision are great. They can find thousands of ways to release it. Sometimes it seems like they are out of this world. They don’t see any blockers, only a target. You might have experienced such inspiration …
NLP in Product DevelopmentDespite widespread misconceptions, Neuro-Linguistic Programming (NLP) is not only about communication and manipulations. And definitely not about the picks-up and sexual seduction. Never mind the Internet which is full of such articles and interpretations of NLP. NLP as a system was born in the 1970s. Richard Bandler and John Grinder wanted to know how people can become professionals in an unknown …
How to Implement Neural Network in iOS AppMachine learning is one of the top topics popular online. There appear more and more articles, discussions and examples of implementation of ML in solutions addressing real tasks in the media. Among implementation options, the highlight is on the feasibility of using machine learning models in mobile development. Being a Junior mobile developer, I wanted to become involved and figure out how …
Digital Banking Product Development: Challenging Beyond the Challengers“I have learned that success is to be measured not so much by the position that one has reached in life as by the obstacles which he has had to overcome while trying to succeed.” — Booker T. Washington Reading the personal success stories of well-known people is enjoyable, interesting, and so inspiring. However, there are two points that readers need to keep in mind while reading. The first one is …
Budgeting App: How to Escape Errors in Its Creation?My very first budgeting tool was MS Excel. It was a really convenient solution 12 years ago. I created my budget items and planned my expenses per month. Every evening I put some numbers in this document. These actions helped me to understand my expending performance. Using this information, I could improve it and save money for my big goals. Basically, with that spreadsheet, I started to …
Clipshot App: Advanced Shooting Accessories“Wow! It is super cool!” — the most concise client’s feedback “We did the Clipshot app on the basis of the knowledge of mathematics, statistics and computer science” — points out the formula of success DashDevs CEO and technical lead Igor Tomych. A year after the release of the Clipshot mobile application we met Eli Huttner, Business Development Manager — our client at Double Alpha Academy, and …
